Reported 3 months ago
The Federal Reserve may continue to keep interest rates steady as inflation remains muted despite ongoing tariffs, according to economists. A slight increase in the Fed's preferred inflation measure is expected, but the impact of trade policies will take time to fully manifest. As the job market shows resilience, the Fed will wait for more data before making any rate changes, while economic growth forecasts appear to be softening.
Source: YAHOO
Reported 3 months ago
Source: INVESTORS
Reported 3 months ago
JPMorgan has downgraded GFL Environmental Inc. from 'Overweight' to 'Neutral' while increasing its price target from $51.00 to $54.00 following GFL's sale of its Environmental Services business. The company retains a significant equity interest and plans to repay debt using proceeds from the transaction. Despite expectations of lower EBITDA margins in the medium term due to reduced landfill ownership, JPMorgan sees growth potential in GFL through strategic acquisitions in the solid waste sector.
Source: YAHOO
Reported 3 months ago
Citigroup has begun coverage of Performance Food Group Company (NYSE:PFGC), rating it as a 'Buy' with a target price of $121.00. This decision comes after an analysis showing the company's operational shifts towards higher-margin foodservice sales, benefiting from changes in the market dynamics for convenience stores. Analysts are optimistic about PFGC's opportunities for growth and potential mergers and acquisitions due to its regional presence.
Source: YAHOO
Reported 3 months ago
On May 23, Morgan Stanley resumed coverage of Loar Holdings Inc. (LOAR), granting it an 'Overweight' rating and a price target of $100. The firm's analysis praised Loar's effective growth strategy, noting a 11.1% year-over-year increase in net sales to $102 million in Q1 2025, along with an improved EBITDA margin of 37.6%. The report highlights the company's robust management and strategic initiatives aimed at fostering growth, including new product development and strong customer relationships.
Source: YAHOO
Reported 3 months ago
UBS analyst Timothy Arcuri has lowered the price target for Analog Devices, Inc. (NASDAQ:ADI) from $295 to $285 while maintaining a 'Buy' rating. This change reflects a slight drop in the company’s projections for the latter half of the year, impacted by the automotive segment's 'pull-ins.' Despite the adjustment, Arcuri expressed confidence in ADI's strong position in key markets such as electric vehicles and advanced driver-assistance systems, while also noting potential demand challenges due to tariffs.
Source: YAHOO
Reported 3 months ago
TD Cowen has raised its price target for Advance Auto Parts, Inc. (AAP) from $40 to $53, while maintaining a Hold rating. This adjustment follows the company's better-than-expected Q1 fiscal 2025 results, where it reported revenues of $2.58 billion, exceeding market predictions despite a year-over-year decline. The firm remains optimistic about the company's potential, especially in the Do-It-For-Me segment, and believes Advance Auto Parts will meet its annual targets.
Source: YAHOO
Reported 3 months ago
Iveda Solutions, Inc. has begun its smart city rollout in Manila, Philippines, with a contract worth $180,000, representing the first phase of a $3 million initiative. The project aims to enhance the city's existing CCTV infrastructure using IvedaAI, an AI platform that provides real-time analytics to improve incident detection without necessitating new hardware. Iveda's CEO highlighted the importance of understanding city officials' needs and aims to replicate this model in other global cities.
Source: YAHOO
Reported 3 months ago
Morgan Stanley has lowered the price target for WeRide Inc. (NASDAQ:WRD) from $23 to $13 while maintaining an Overweight rating. Analyst Tim Hsiao cites high volatility in the Chinese robotaxi market and a modest revenue increase of 1.8% in Q1 2025 as key reasons. Despite increasing competition and a reduced forecast for WeRide’s Robobus and Robosweeper products, the firm remains positive on the company’s long-term outlook, particularly regarding its global expansion efforts and partnership with Uber.
Source: YAHOO
Reported 3 months ago
BMO Capital has increased Intuit Inc.'s (NASDAQ:INTU) price target from $714 to $820 following the company's strong Q3 2025 results, which showed a 15% revenue growth year-over-year, totaling around $7.8 billion. The firm also raised its fiscal year 2025 growth guidance from 12-13% to 15%. This optimism is driven by significant gains in TurboTax Live and Credit Karma revenues, as well as the overall positive performance across its segments. BMO maintains its Outperform rating on the stock.
Source: YAHOO
Reported 3 months ago
Macquarie has upgraded XPeng Inc. (NYSE:XPEV) from Neutral to Outperform, increasing its price target from $22 to $24 after the company reported a strong Q1 2025, with improved gross margins and reduced losses. XPeng's revenue for the quarter reached approximately $2.20 billion, marking a 159% increase in vehicle sales revenue year-over-year. With record deliveries and a pathway to profitability by Q4 2025, XPeng is positioned for growth with new models set to launch.
Source: YAHOO
Reported 3 months ago
Top financial leaders, including JPMorgan's Jamie Dimon, are highlighting concerns that the junk bond market may not be sufficiently reflecting economic risks, particularly with the lowest-rated bonds showing signs of distress. As risk premiums on CCC-rated junk bonds rise, warnings abound about potential slowdowns and inflation in the U.S. economy. Despite these warnings, investors continue to purchase junk bonds, though geopolitical tensions and clearer economic data are necessary to reflect the true risk in the market.
Source: YAHOO
Reported 3 months ago
In 2025, banks will generally be closed on 11 federal holidays observed by the Federal Reserve, affecting banking activities like fund availability and bill payments. While banks may choose to remain open on some holidays, transactions won't be processed until the next business day. Online banking remains accessible, allowing customers to perform transactions, but delays can occur due to holiday scheduling. It's advisable to plan ahead for banking needs around these holidays to avoid inconveniences.
Source: YAHOO
Reported 3 months ago
Kevin O’Leary, once a critic of Bitcoin, now sees cryptocurrency assets making up a significant part of his portfolio and predicts a trillion-dollar rush into crypto if Congress passes the GENIUS Act and a forthcoming market structure bill. He believes these regulations could unlock institutional investments and transform digital payment systems through stablecoins, which he argues would revolutionize currency trading by making transactions faster and cheaper.
Source: YAHOO
Reported 3 months ago
Salesforce is scheduled to report its fiscal 2026 first quarter results on May 28, amidst a challenging transition as it shifts from traditional software sales to its new AI-driven product, Agent Force. Despite experiencing only a 9% growth, significantly lower than historical averages, the company may see potential catalysts if customers begin to adopt Agent Force at scale. The CEO, Mark Benioff, remains engaged in steering the company forward, although the transition has proven to be complex, affecting stock performance.
Source: YAHOO
Reported 3 months ago
The Trump administration is set to issue a restricted license to Chevron Corp., allowing the company to conduct essential maintenance on its operations in Venezuela while maintaining sanctions. This license comes as the current authorization is due to expire on May 27, and it signifies a potential shift in US-Venezuela relations. The new waiver resembles previous authorizations that permitted limited operations but prohibited new investments or crude export, indicating an ongoing strategic dialogue.
Source: YAHOO
Reported 3 months ago
Nvidia's growth has been significantly influenced by the substantial investments from major technology companies, particularly Microsoft, which is the largest contributor to Nvidia’s revenue. With its focus on AI, Big Tech's collective expenditure on Nvidia's chips has risen sharply, translating to around 50% of Nvidia's revenue coming from a few large clients. However, as these companies increasingly develop their own custom AI solutions, there are concerns about the future of Nvidia's revenue growth.
Source: YAHOO
Reported 3 months ago
President Trump has issued a warning to Apple Inc. regarding a 25% tariff on iPhones produced outside the U.S., specifically criticizing the company's decision to manufacture iPhones for the U.S. market in India. Despite Apple's efforts to diversify its supply chain, with a significant portion of its iPhones currently made in China, Trump insists that iPhones sold in America should be produced domestically. The ultimatum follows a recent meeting between Trump and Apple CEO Tim Cook, where Trump expressed disappointment over Apple's production plans.
Source: YAHOO
Reported 3 months ago
In this week's analysis of Trumponomics, President Trump's push for tax cuts is overshadowed by turmoil in the bond market, which threatens to raise interest rates and increase national debt significantly. While his trade policies maintain market scrutiny and he seems poised for political victories, rising Treasury rates complicate borrowing for the U.S. government, risking unsustainable debt levels. Critics warn that the impending tax cuts could exacerbate the fiscal situation just as the bond market signals serious concerns.
Source: YAHOO
Reported 3 months ago
As US President Trump shows reluctance to continue military support for Ukraine, European leaders are exploring the option of purchasing American weapons to ensure Ukraine's defense against Russia. With US arms deliveries uncertain and European production capabilities insufficient, the initiative aims to strengthen Ukraine's positions while applying pressure on Putin to negotiate a ceasefire. Additionally, the European Union considers implementing stricter sanctions on Russia to further support Ukraine in this critical situation.
Source: YAHOO
Reported 3 months ago
Manufacturers are optimistic about President Trump's 'big, beautiful bill,' which offers various tax benefits that could enhance their bottom lines, particularly through increased deductions and credits. However, concerns arise for specific sectors, especially green energy, as the bill may roll back clean energy credits and impose new restrictions on companies operating in certain foreign countries. While many expect that overall positive provisions could spur economic growth, the bill's impact on green energy and international manufacturing jobs remains contentious, suggesting potential hurdles ahead.
Source: YAHOO
Reported 3 months ago
In response to President Trump's tariffs, which include a 10% baseline tariff on most imports and up to 30% on Chinese goods, numerous retailers such as Walmart, Ford, and Best Buy are set to raise prices on a variety of consumer products. Walmart has specifically noted that it cannot absorb the cost increases due to narrow retail margins, with prices expected to rise significantly by June. Other notable companies like Mattel, Sony, and Adidas have also indicated potential price hikes on their items as they navigate the increased costs associated with these tariffs.
Source: YAHOO
Reported 3 months ago
Donald Trump's recent threats to impose steep tariffs on the European Union and technology companies have rekindled fears of sustained trade uncertainty, overshadowing earlier optimism following initial trade agreements with the UK and China. Analysts warn that his unpredictable approach to trade policy suggests that significant tariffs could remain in place for the foreseeable future, leaving investors and business leaders grappling with a climate of instability and heightened tensions in international trade.
Source: YAHOO
Reported 3 months ago
With Nvidia dominating the AI chip market, AMD is rapidly making strides and could be a lucrative investment opportunity. Despite a 31% decline in share price over the past year, AMD's data center business is seeing significant growth, backed by partnerships with major companies like Microsoft, Oracle, and Meta. As AMD prepares to launch new chip architectures, industry confidence suggests that now is the time for investors to reconsider buying AMD stocks, especially given their historical valuation trends.
Source: YAHOO
Reported 3 months ago
McDonald’s is shutting down its beverage-focused spinoff, CosMc’s, just two years after its launch, due to lower-than-expected customer interest and recent sales declines. The chain, which opened CosMc’s to compete with other beverage chains aimed at Gen Z, will close its five locations at the end of June while still testing some inspired customizable drinks at select franchisees.
Source: YAHOO